Ola To Release At Least 500 Employees Across All Software Teams
September 20, 2022: Many of these employees are said to have worked on various aspects of the Ola app. The move comes amid declining sales of Ola electric scooters.
Ola has started distributing pink slips to all software team employees. A source told CNBC-TV18 that at least 500 employees in various software industries will likely be laid off.
Many of these employees are said to have worked on various aspects of the Ola app. The move comes amid declining sales of Ola electric scooters.
Ola, which launched its electric scooter last December, has undergone a restructuring in recent months. With the closures of used-car dealer Ola Cars and quick trade store Ola Dash, the company has laid off about 2,000 employees so far.
Bhavish Agarwal‘s leadership More than 30 of his senior officials, including members of his team, have resigned over the past two years.
A spokeswoman for Ola declined to comment on the number of layoffs. In a statement, the company said, “Ola Electric, India’s largest EV company, has a clear focus on building technology and R&D capabilities across the board, including vehicles, cells, batteries, manufacturing, and automation while expanding into non-software engineering areas.
We are increasing our focus on the Autonomous Engineering Stream. The company currently employs about 2,000 engineers, and he plans to increase the engineer talent pool to 5,000 over the next 18 months.
In light of these efforts, the company is reorganizing to create a strong horizontal structure that centralizes operations, minimizes redundancies, and enhances related roles and functions.
” In March, an Ola S1 scooter caught fire. The incident, along with eight other electric scooter fires, was investigated by a high-level commission that found defects in the BMS, safety mechanisms, and the quality of the cells used in battery packs from various electric vehicle manufacturers.
The company, which has been in the electric vehicle market for nine months, has faced numerous customer complaints about the software, battery performance, and service issues.
From the 12,691 scooters sold in April, the company’s sales have declined month by month. Ola sold just over 3,351 of his vehicles in August, the lowest in six months, according to vehicle registration data.
The drop in sales may have prompted Ola Electric to change its strategy of selling directly online. Company founder Bhavish Agarwal recently asked customers for feedback on whether to buy scooters online or at a retail store.
The founder tweeted that the company will open 200 experience centers by March, adding to the 20 facilities already in place.
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